Blocks are part of a bigger bid round that closes on 4 November and centres on the province’s promising Orphan basin More than 11 billion barrels of oil and 24 trillion cubic feet of gas resources may be housed in six blocks in the promising Orphan basin off Newfoundland & Labrador in Canada, that are […]
Results show potential of 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas September 29, 2020, St. John’s, NL – Newfoundland and Labrador’s 2020 Independent Oil and Gas Resource Assessment results show 11.1 billion barrels of oil and 24.5 trillion cubic feet of natural gas potential offshore. The assessment findings were […]
Husky says the $320-million package for the oil and gas industry will do nothing to get the West White Rose project going for the next construction season in 2021. 2,000 jobs are at stake, making it the largest single project for offshore Newfoundland and Labrador. Company VP Jonathan Brown says the company was looking for […]
(St. John’s – September 25, 2020) Please find below statements from Noia Board Chair Karen Winsor and CEO Charlene Johnson regarding support for the offshore oil and gas industry announced today by Seamus O’Regan, Minister of Natural Resources Canada. “The announcement today of funding provided by the Government of Canada to support the offshore oil […]
The federal government has pledged $320 million to support offshore oil jobs in Newfoundland and Labrador. Natural Resources Minister Seamus O’Regan was in St. John’s on Friday to announce the new measures, after six months of lobbying from oil industry groups and workers demanding assistance. O’Regan said the money will “support jobs and ensure the […]
Today, the Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all future bid deposit forfeitures to be reinvested as received, resulting in an injection of hundreds of […]
(St. John’s – September 24, 2020) Please find below statements from Noia Board Chair Karen Winsor and CEO Charlene Johnson regarding initiatives to support the offshore oil & gas industry announced today by Premier Andrew Furey. “The program announced today by Premier Furey demonstrates a commitment to the offshore oil and gas industry, its future, […]
CALGARY, AB, Sept. 22, 2020 /CNW/ – The state of our country’s economy is the biggest issue of the day for Canadians, according to a new poll from IPSOS. The poll has 44 per cent of Canadians choosing the economy as the biggest priority for government, even putting it ahead of healthcare (chosen as the […]
Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said. Rystad on Tuesday somewhat upgraded its expectations for 2020 too, and now expects oil and gas […]
O’Regan offers some clues on energy plan as oil and gas sector worries about being left out in economic recovery plans Canada’s Natural Resources Minister Seamus O’Regan is a fan of the movie Fight Club and is living by at least one of its rules right now. “Throne Speeches are like Fight Club. It’s not […]
